Audius Performance
| AUDIO Crypto | USD 0.16 0.01 6.67% |
The crypto shows a Beta (market volatility) of 3.5, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Audius will likely underperform.
Risk-Adjusted Performance
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Over the last 90 days Audius has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's basic indicators remain rather sound which may send shares a bit higher in June 2024. The latest tumult may also be a sign of longer-term up-swing for Audius shareholders. ...more
1 | Blast launches Ethereum L2 mainnet unlocking 2.3B in staked crypto - Cointelegraph | 02/29/2024 |
2 | US Lawmakers press Biden administration on use of crypto to evade sanctions - Reuters | 04/29/2024 |
Audius |
Audius Relative Risk vs. Return Landscape
If you would invest 24.00 in Audius on February 16, 2024 and sell it today you would lose (8.00) from holding Audius or give up 33.33% of portfolio value over 90 days. Audius is generating negative expected returns and assumes 6.2235% volatility on return distribution over the 90 days horizon. Simply put, 55% of crypto coins are less volatile than Audius, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Audius Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Audius' investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Audius, and traders can use it to determine the average amount a Audius' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0701
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AUDIO |
Estimated Market Risk
| 6.22 actual daily | 55 55% of assets are less volatile |
Expected Return
| -0.44 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Audius is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Audius by adding Audius to a well-diversified portfolio.
About Audius Performance
To evaluate Audius Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Audius generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Audius Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Audius market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Audius's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Audius is peer-to-peer digital currency powered by the Blockchain technology.| Audius generated a negative expected return over the last 90 days | |
| Audius has high historical volatility and very poor performance | |
| Audius has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: US Lawmakers press Biden administration on use of crypto to evade sanctions - Reuters |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Audius. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.